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Greece must follow through with privatisations to recover, central bank says


ATHENS Greece's economic recovery depends on it following through with the reforms and privatisations prescribed in its bailout programme, the head of its central bank said on Friday.


Exclusive - Greek banks plan record sale of bad loans as pressure mounts 19 Oct 2017

ATHENS Three of Greece's largest lenders plan to sell up to 5.5 billion euros (£4.9 billion) in bad loans by early next year, sources said, as the country's central bank chief called on the creaking banking sector to act faster to tackle its bad-debt problem.


Greece plans billion euro handout for poor 19 Oct 2017

ATHENS Greece plans to offer handouts worth 1 billion euros (£897.4 million) to poor Greeks who have suffered during the seven-year debt crisis after beating its budget targets this year, the government said on Thursday.


Greece, lenders to start talks again, as countdown starts 18 Oct 2017

ATHENS Greece's creditors will return to Athens next week to assess its bailout compliance, in a review which should be concluded swiftly if the country is to meet its goal of emerging from lenders' supervision next year.


Greece, in recession again last year, eyes recovery in 2017-18 17 Oct 2017

ATHENS Greece fell into recession again last year, confounding its international creditors who had predicted some growth after years of budget austerity and bailouts.


Greece, IMF agree on fast bailout review conclusion - Tsipras says 17 Oct 2017

ATHENS Greece and the International Monetary Fund agree that the next bailout review of the country's fiscal and reform progress must be concluded fast, Greek Prime Minister Alexis Tsipras said on Monday.


Greek central bank chief calls for swift conclusion of bailout review 16 Oct 2017

ATHENS Greece and its foreign lenders must intensify efforts to conclude swiftly a review of the country's compliance with fiscal targets and reforms under its current bailout, the governor of Greece's central bank said on Monday.


Greece eyes November timeframe for bond swap, sounds out investors 13 Oct 2017

ATHENS/LONDON Greece is eyeing a November timeframe to launch a swap of 20 small bonds for four new ones ahead of its scheduled emergence from its bailout programme next summer, bankers said on Friday.

Greece seeks final bids for gas grid sale before year-end - sources 11 Oct 2017

ATHENS Greece aims to get binding offers from investors shortlisted for a 66 percent stake in state-controlled natural gas grid DESFA by the end of the year, two sources close to the process said on Wednesday.


EU confident no risks from German elections for Greek bailout 09 Oct 2017

LUXEMBOURG Greece's bailout programme will proceed as planned, euro zone financial leaders said on Monday, shrugging off concerns that the new German government may harden its stance on the aid plan and debt relief for Athens.